Senior Underwriter - Medical Malpractice

This underwriting position is designed for an individual with a minimum of seven years of Medical Professional Liability underwriting experience. Strong preference for a background in the E&S (excess & surplus) market writing Physician’s Professional Liability and/or medium to high hazard medical facilities Professional Liability insurance. Knowledge of individual account risks within the class, hazards by specialty, rating, pricing, and form selection as well as knowledge of industry standard company forms is required to properly underwrite risk.

About the role

Underwrite and manage a portfolio of hard-to-place medical professional liability risks with a focus on individual and small physician group Professional Liability with tougher exposures considered unique or challenging. Responsibilities include new business development, risk analysis and assessment, coverage evaluation, pricing, and contract negotiation to maintain and develop a profitable portfolio of non-admitted primary liability risks.

Responsibilities

• Build and maintain a solid flow of new business opportunities, identifying opportunities for growth within new and existing production sources.
• Direct responsibility for broker development and management within a book of business.
• Develop risk pricing by analyzing exposures, claims experience, utilizing pricing tools and worksheets, and comparing to similar risks for new accounts within assigned portfolio and authority level.
• Consistently achieve budgeted financial results (premium, loss ratio, retention, commissions, pricing, new business, premium collection, and expense management) as established for individual portfolios.
• Identify and take corrective action and/or collaborate with the appropriate area within the organization based on individual risk characteristics identified through broker reviews, large loss analysis, risk control, etc.
• Ensure compliance with underwriting strategies and regulatory requirements.
• Remain current on legal and regulatory changes and claim development to contribute to unit product development and portfolio decisions.
• Provide responsive service to brokers by delivering timely and accurate quotes and endorsements.

Requirements

• Minimum of 7 years of Liability underwriting experience; high-hazard, complex risks, or E&S underwriting experience with a focus on Medical Professional Liability highly desired.
• BA/BS degree strongly preferred, or equivalent in experience.
• RPLU or other related Insurance Designation(s) preferred.
• Knowledge of commercial Excess and Surplus lines risk, classification, pricing, and coverage options with adherence to applicable statutory compliance issues and corporate guidelines.
• Able to understand and execute strategic priorities including pricing strategy, agent strategy, rate strategy, underwriting appetite, limit management, and mix of business.
• Strong knowledge of the E&S external market and demonstrated marketing and business development experience within the wholesale distribution channel.

Pay

The expected salary range for this role is $92,000–$130,000 per year. Salaries are based on candidate skills, experience, education, training, the scope and responsibilities of the role, as well as market and business considerations.

Benefits

• Medical & Dental Plans
• Life Insurance (including eligible spouses & children)
• Health Care Flexible Spending
• Dependent Care
• 401k Savings Plans
• Paid Time Off

AmTrust values excellence and recognizes that embracing diverse backgrounds, skills, and perspectives sustains a competitive advantage and remains an integral part of its culture.